Huntsman (NYSE:HUN) Stock Price Down 4.4% - Here's Why

Key Points

• Huntsman Corporation's stock price fell by 4.4% on Wednesday, trading at $10.42, with a significant drop in trading volume.
• The company reported a quarterly earnings miss, with a loss of ($0.20) per share against expectations of ($0.15) and revenue down 7.4% year-over-year.
• Institutional investors own 84.81% of Huntsman's stock, with AQR Capital Management increasing its stake by 345.7% recently.

Huntsman Corporation (NYSE:HUN - Get Free Report)'s share price dropped 4.4% during trading on Wednesday . The company traded as low as $10.40 and last traded at $10.42. Approximately 2,833,972 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 3,945,747 shares. The stock had previously closed at $10.90.

Wall Street Analyst Weigh In

HUN has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. The Goldman Sachs Group cut their price target on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, August 7th. Jefferies Financial Group dropped their target price on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Royal Bank Of Canada lowered their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Finally, Mizuho reissued an "underperform" rating and issued a $9.00 target price (down previously from $11.00) on shares of Huntsman in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.05.

Huntsman Trading Down 4.8%

The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -5.03 and a beta of 0.64. The company's fifty day moving average is $10.58 and its two-hundred day moving average is $12.10.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, research analysts predict that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is -51.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC grew its holdings in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 1,395 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 2,431 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of Huntsman in the second quarter valued at about $44,000. Caitong International Asset Management Co. Ltd raised its position in shares of Huntsman by 1,717.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock worth $51,000 after acquiring an additional 3,075 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Huntsman during the 1st quarter valued at $53,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.